10. Several years ago you got a mortgage loan at 5.7% interest. You currently owe $38,746.77 with a monthly payment of $446.90. How long until the loan will be paid off?.

A. 112 months B. 184.78 months C. 72.78 months D. 32.15 months

11. Lindas grandmother loaned her $57,000 to help her start an Internet specialty clothing business for tall women. They agreed that Linda will pay the entire amount, together with interest at 3.75% compounded annually, in 6 years. Find the amount Linda will need to repay the loan.

A. $69,391.95 B. $59,137.50 C. $69,825 D. $71,089.18

12. Lindas grandmother loaned her $57,000, interest-free, to help her start an Internet specialty clothing business for tall women. Linda must repay the $57,000, in one lump sum, in 6 years. How much could Linda deposit at the end of each month into a savings plan earning 4.2% compounded monthly so she will have the $57,000 in 6 years?

A. $695.05 B. $44,322.45 C. $8,550.33